Settling Asbestos Insurance Company definition

Settling Asbestos Insurance Company means “Settling Asbestos Insurance Company,” as that term is defined in the Second Amended Joint Plan of Reorganization or the equivalent term in any Plan.
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Settling Asbestos Insurance Company means any Asbestos Insurance Company that has, before the conclusion of the Confirmation Hearing before the District Court, entered into an Asbestos Insurance Settlement Agreement that is sufficiently comprehensive and otherwise on terms appropriate in the determination of each of the Bondholders’ Committee, the Debtors, the Asbestos Claimants’ Committee and the Futures Representative to warrant treatment under section 524(g) of the Bankruptcy Code (including, with respect to any Asbestos Insurance Settlement Agreement that is conditioned in whole or in part on a plan of reorganization proposed by the Debtors, an agreement from such Settling Asbestos Insurance Company in writing, in a form reasonably acceptable to the Bondholders’ Committee, the Debtors, the Asbestos Claimants’ Committee and the Futures Representative that all conditions to its performance under its Asbestos Insurance Settlement Agreement based on or related to a plan proposed by the Debtors is satisfied in full by this Plan), which determination by the Bondholders’ Committee, the Debtors, the Asbestos Claimants’ Committee and the Futures Representative will be indicated by the inclusion of such Asbestos Insurance Company on a schedule of Settling Asbestos Insurance Companies filed by the Plan Proponents as Exhibit “H” to the Plan with the District Court before the conclusion of the Confirmation Hearing and approved by such District Court.
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Settling Asbestos Insurance Company means any Asbestos Insurance Company that has, before the conclusion of the Confirmation Hearing before the Bankruptcy Court, entered into an Asbestos Insurance Settlement Agreement that is sufficiently comprehensive in the determination of the Debtors to warrant treatment under section 524(g) of the Bankruptcy Code, which determination by the Debtors will be indicated by the inclusion of such Asbestos Insurance Company on a schedule of Settling Asbestos Insurance Companies filed by the Debtors (with the consent of the Claimants' Representative, the Futures Representative and the Asbestos Claimants' Committee) with the Bankruptcy Court before the conclusion of the Confirmation Hearing before the Bankruptcy Court.
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Examples of Settling Asbestos Insurance Company in a sentence

  • Asbestos Insurance Settlement Agreement” means any post-petition settlement agreement, set forth in Exhibit 7 to the Plan, with a Settling Asbestos Insurance Company as such exhibit may be amended or supplemented from time to time as permitted under the Plan.

  • The protection of the foregoing injunction includes but is not limited to any and all Claims that are based in whole or in part on the insurance relationship between the Settling Asbestos Insurance Company and the Debtor arising from, attributable to, in any way, or under an Asbestos Insurance Policy, whether arising from statute, common law, or otherwise.

  • As a condition to making any payment to a Holder of an Asbestos PI Claim, the Liquidating Trust shall obtain a release of all of such Holder’s Claims against (i) the Debtor, (ii) the Liquidating Trust, and (iii) any Settling Asbestos Insurance Company, that relate in any way to the Debtor or the Asbestos Insurance Policies addressed under the Approved Asbestos Insurance Settlement Agreements.

  • The discharge and releases provided herein, and the injunctive protection provided to the Debtors, the Reorganized Debtors and any Protected Party with respect to Demands as provided herein, shall neither diminish nor impair the enforceability of any of the Asbestos Insurance Policies by any Entity except (i) to the extent that any such Asbestos Insurance Company is also a Settling Asbestos Insurance Company or (ii) that all Asbestos Insurer Coverage Defenses are preserved.

  • Such payment will be made within thirty days of the order approving the Amended Federal Settlement becoming a final order, the occurrence of the effective date of the Debtors’ plan, the confirmation order becoming a final order and Federal being designated as a Settling Asbestos Insurance Company.

  • In exchange, the Debtors agreed, among other things, to designate AIG as a Settling Asbestos Insurance Company, thereby entitling AIG to the benefit of certain injunctions under their Plan pursuant to sections 105(a) and 524(g) of the Bankruptcy Code.

  • In exchange, the Debtors agreed, among other things, to designate Federal as a Settling Asbestos Insurance Company, thereby entitling Federal to the benefit of certain injunctions under their plan pursuant to sections 105(a) and 524(g) of the Bankruptcy Code.

  • Conditioned upon the occurrence of the effective date of a section 524(g) plan of reorganization of the Debtors’ estates, the confirmation order becoming a final order and Federal being designated as a Settling Asbestos Insurance Company, Federal will contribute $2.1 million to the Plan Trust.

  • In exchange, the Debtors will designate Fireman’s Fund as Settling Asbestos Insurance Company thereby entitling Fireman’s Fund to the benefit of certain injunctions under their plan pursuant to sections 105(a) and 524(g) of the Bankruptcy Code.

  • The Reorganized Debtors shall not voluntarily assist any Person in the establishment of any rights, action, cause of action or claim against the Century Entities or any other Settling Asbestos Insurance Company in anyway relating to any Asbestos Claim or other claim released under an Asbestos Insurance Settlement Agreement.


More Definitions of Settling Asbestos Insurance Company

Settling Asbestos Insurance Company means any Asbestos Insurance Company that has, before the conclusion of the Confirmation Hearing before the United States Bankruptcy Court for the District of New Jersey, entered into an Asbestos Insurance Settlement Agreement that is sufficiently comprehensive in the determination of the Debtors to warrant treatment under section 524(g) of the Bankruptcy Code, which determination by the Debtors will be indicated by the inclusion of such Asbestos Insurance Company on a schedule of Settling Asbestos Insurance Companies filed by the Debtors with such United States Bankruptcy Court before the conclusion of the Confirmation Hearing before such United States Bankruptcy Court and approved by such United States Bankruptcy Court.
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Settling Asbestos Insurance Company means any Asbestos Insurance Company that has entered into an Asbestos Insurance Settlement Agreement approved by the Bankruptcy Court as of the Effective Date. The Asbestos Insurance Settlement Agreements are listed in Exhibit 7 to the Plan, as amended or supplemented.
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Settling Asbestos Insurance Company means any Asbestos Insurance Company that enters into an Asbestos Insurance Settlement Agreement and that is listed on a schedule filed by Shook & Fletcher with the Bankruptcy Court prior to the conclusion of the Confirmation Hearing, and includes the past, present and future parents, subsidiaries, affiliates, predecessors, successors, assigns, employees, officers, directors, principals, agents, representatives and shareholders of the Entities listed on the schedule, but shall not include any Entity that first becomes a parent, subsidiary or affiliate of the Entities on the schedule (or any past, present or future employees, officers, directors, principals, agents, representatives, shareholders and assigns of such Entity) after the Effective Date, to the extent such Entity issued insurance policies to Shook & Fletcher (but only with respect to such policies issued by such Entity).
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Settling Asbestos Insurance Company means any Asbestos Insurance Company that enters into an Asbestos Insurance Settlement Agreement that is sufficiently comprehensive in the determination of the Plan Proponents.
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Related to Settling Asbestos Insurance Company

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Title Insurance Company as defined in Section 5.1(l).

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Pure captive insurance company means a company that

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Blanket insurance policy means a group policy covering a defined class of

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Property Insurance is defined in Section 6.10(a).

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.